Public Officials In Need Of Funding For Infrastructure Projects Should Check Out The Build America Bureau
Last summer, U.S. Department of Transportation (DOT) Secretary Anthony Foxx announced the creation of the Build America Bureau. It was heralded as a one-stop shop to provide assistance to government entities in need of funding for transportation infrastructure projects.
The new bureau was designed to provide support, information, expertise and advice related to DOT credit programs and funding for infrastructure projects. Specialists in the bureau offer guidance about how to combine federal funding programs, how to access specific ones and how to acquire funding for projects in a much quicker way. The bureau is also prepared to guide and advise public officials about various other types of alternative funding programs such as public-private partnerships (P3s).
Airport Collaborative Redevelopment Proposal Could Leverage $7 Billion In Private Investment
Hampered by outdated systems and infrastructure in need of repair, the John F. Kennedy International Airport in New York City has found a friend in New York Gov. Andrew Cuomo. The forward-thinking governor this week announced his $10 billion plan to redevelop the JFK Airport, the nation’s fifth-busiest aviation facility.
To transform this aging transportation resource into a world-class transportation hub will require a collaborative effort between both the public and private sectors. Like the multi-billion-dollar renovation currently underway to rebuild terminals at the city’s LaGuardia Airport, officials are contemplating a public-private partnership (P3) as the financing method for much of the JFK project. Two-thirds of the more than $8 billion investment to build new facilities at LaGuardia is being paid for by the private sector. Experts say the JFK plan has the potential to drive up to $7 billion in private investment.
Airport collaborative redevelopment proposal could leverage $7 billion in private investment
Hampered by outdated systems and infrastructure in need of repair, the John F. Kennedy International Airport in New York City has found a friend in New York Gov. Andrew Cuomo. The forward-thinking governor this week announced his $10 billion plan to redevelop the JFK Airport, the nation’s fifth-busiest aviation facility.
To transform this aging transportation resource into a world-class transportation hub will require a collaborative effort between both the public and private sectors. Like the multi-billion-dollar renovation currently underway to rebuild terminals at the city’s LaGuardia Airport, officials are contemplating a public-private partnership (P3) as the financing method for much of the JFK project. Two-thirds of the more than $8 billion investment to build new facilities at LaGuardia is being paid for by the private sector. Experts say the JFK plan has the potential to drive up to $7 billion in private investment.
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USDOT program assists states cities
Last summer, U.S. Department of Transportation (DOT) Secretary Anthony Foxx announced the creation of the Build America Bureau. It was heralded as a one-stop shop to provide assistance to government entities in need of funding for transportation infrastructure projects.
The new bureau was designed to provide support, information, expertise and advice related to DOT credit programs and funding for infrastructure projects. Specialists in the bureau offer guidance about how to combine federal funding programs, how to access specific ones and how to acquire funding for projects in a much quicker way. The bureau is also prepared to guide and advise public officials about various other types of alternative funding programs such as public-private partnerships (P3s).
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Last summer, U.S. Department of Transportation (DOT) Secretary Anthony Foxx announced the creation of the Build America Bureau. It was heralded as a one-stop shop to provide assistance to government entities in need of funding for transportation infrastructure projects.
